If you itemize instead of taking the standard deduction, you can
deduct gambling losses up to the amount of your winnings. After your winnings
have been entered the interview will ask about losses.
To enter your gambling winnings reported on a W-2G,
please see the following TurboTax FAQ:
https://ttlc.intuit.com/replies/5122514
You can also follow the instructions below to get to
the section in TurboTax to enter your gambling winnings (and then your losses):
- Log
in to TurboTax Online
- Click
Take me to my return
- Click
on Federal Taxes
- Click
on Wages & Income
- Locate
Less Common Income, click Show More, if offered
- Locate
Gambling Winnings and click Start/Update
